Funding you earn now, next payment 00:00 UTC−0.1917%/8h= −209.9% APRpaid last 24h −0.396%
Price spread now: MEXC against Hyperliquid−0.281%7-day average −0.355% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1151.147% of the position
Funding, last 7 days−0.611%−$61 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.281%, 7d avg −0.355%
=Together, before fees−0.490%+ Points / potential airdropHyperliquid: Season 2 · farm board−$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.074% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.281% now, against its 7-day average of −0.355%): +$7 on $10k if it goes back. Holding the pair costs −$58 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.611% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.611% in total (about -31.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HMSTR | 0.0001780 | 0.2017 | pay 0.0252% / 1h | 51m 13s | $2.0M | $146K | 3x |
| Short | MEXC HMSTR_USDT | 0.0001775 | 0.0100 | get 0.0050% / 4h | 51m 13s | $390K | $116K | 50x |
Hyperliquid HMSTR
MEXC HMSTR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$402.61
- Price spread: −0.281% → −0.355%
- $7.41
- Slippage, 4 orders
- −$101.66
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$509.87
- Costs to cover
- 1.147%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; MEXC: live order book, 9 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 10 min ago | 28.01 bp | 59.4 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 9 min ago | 2.82 bp | 8.3 bp −$8 | 41.0 bp −$410 | 156.6 bp −$15.7K | doesn't fit |
HMSTR on 13 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX HMSTR-USDT | +0.0070% | 4h | 0.0001776 | −0.225% | — | $1.3M | — | as long as short |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001777 | −0.191% | $33K | $7K | 5x | as long as short |
| Binance HMSTRUSDT | +0.0100% | 4h | 0.0001776 | −0.225% | $2.2M | $2.2M | 10x | as long as short |
| Bybit HMSTRUSDT | +0.0100% | 4h | 0.0001776 | −0.225% | $1.5M | $579K | 25x | as long as short |
| OKX HMSTR-USDT-SWAP | +0.0100% | 4h | 0.0001778 | −0.112% | $593K | $892K | 10x | as long as short |
| Gate HMSTR_USDT | +0.0100% | 4h | 0.0001776 | −0.225% | $393K | $132K | 25x | as long as short |
| MEXC HMSTR_USDTshort | +0.0100% | 4h | 0.0001775 | −0.281% | $390K | $116K | 50x | |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001777 | −0.169% | $248K | $60K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001773 | −0.380% | $2K | $920 | — | as long as short |
| ApeX Omni HMSTRUSDT | +0.0100% | 1h | 0.0001774 | −0.337% | $13K | $613K | 50x | as long as short |
BingX HMSTR-USDT
Aster HMSTRUSDT
Binance HMSTRUSDT
Bybit HMSTRUSDT
OKX HMSTR-USDT-SWAP
Gate HMSTR_USDT
KuCoin HMSTRUSDTM
Variational Omni HMSTR
ApeX Omni HMSTRUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended kHMSTR-USD | +0.0104% | 1h | 0.0001776 | −0.245% | $923 | — | 5x | as long as short |
| Kraken Futures PF_HMSTRUSD | +0.0382% | 1h | 0.0001778 | −0.102% | $10K | $11K | 10x | as long as short |
| Hyperliquid HMSTRlong | +0.2017% | 1h | 0.0001780 | long leg | $2.0M | $146K | 3x |
Extended kHMSTR-USD
Kraken Futures PF_HMSTRUSD